Lower Main Street Historic District (Lee, Massachusetts)

NorthWest Copper Reports Strong Copper, Gold and Silver Drill Results From the Lorraine Project, Expanding Mineralization

Retrieved on: 
Thursday, March 23, 2023

Drilling has encountered multiple intersections of copper, gold and silver outside of the resource shell.

Key Points: 
  • Drilling has encountered multiple intersections of copper, gold and silver outside of the resource shell.
  • “We are just getting started at Lorraine which we believe has very strong growth potential, not only around the resource but across the 65,817-hectare property.
  • copper, $1,650/oz gold, $21.50/oz silver, and recovery is assumed to be 86.0% for copper, 63.5% for gold and 61.6% for silver.
  • British Columbian alkalic porphyry systems are typically enriched in gold, silver and platinum-group-element, have high copper grades, and commonly contain several distinct porphyry centers.